A Painful 'Recoupling' for Markets Wall Street Journal (blog) Emerging markets reliant on foreign capital are exhibiting more violent reactions to adjustments of U.S. macroeconomic policy than the U.S.

Danielle's insight:

Interesting how much of a key role the BRIC countries (and other emerging markets) play in the US economy and financial crisis.

Pakistan and the International Monetary Fund (IMF) on Thursday reached an agreement for a $5.3 billion under a three-year programme aimed at boosting growth, rebuilding the country’s foreign exchange reserves and tackling the energy crisis. The bailout programme’s approval by the lending institution’s executive board, however, hinges on the country’s ability to implement painful measures, such as placing restraints on provincial expenditures for the first time.

KARACHI: Oceanologists and fisheries experts are of the view that climate change coupled with increasing level of water pollution is making way for a decrease in fish population, and in such conditions, aquaculture can be a great source to fulfil the fish requirements of the country. They were speaking at the two-day Pakistan Aquaculture and Fisheries Society (PAFS) annual conference "Aquaculture and Fisheries Development: Opportunities and Challenges" organised by Karachi University Office of Research, Innovation and Commercialisation (KU-ORIC) at the National Institute of Oceanography. It was in collaboration with US Department of Agriculture Foreign Agriculture Service, Federation of Chambers of Commerce and Industry (FPCCI - R&D Committee), Fisheries Development Board-Pakistan. The experts said that aquaculture could lead to a rich supply of protein in Pakistan, as it is already suffering from malnutrition. It could also be a potential source to earn foreign exchange.

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